Since 2010 Britain has undergone slow economic growth

The economy of Great Britain in the past three months in September 2019 has grown at the slowest annual rate in more than a decade, as global slowdowns and concerns for Brex hit business investments and production.

Britain's GDP growth slowed to 1 percent on an annual level, down from 1.3 percent from the second quarter, according to the National Statistics Office (ONS).

This is the lowest growth rate since the first quarter of 2010 and is under the forecast of economists surveyed by Reuters by 1.1 percent.

The slowdown is a reflection of GDP growth recovery weaker than expected that after the economic downturn in the second quarter, when businesses faced excessive inventors of raw materials after Brex was postponed until the end of March 2020.

On a quarterly basis, GDP rose at a rate of 0.3 percent in the third quarter, under the expectations of the Central Bank of England of 0.4 percent and forecasts by private sector economists.

The British economy has lost momentum since the 2016 Brex referendum, before which it has grown typically at a rate of more than two percent a year.

The latest data also showed that business investment has stalled in the third quarter, with economists waiting for a 0.5 per cent drop.

Family consumption rose by 0.4 percent in the third quarter, while government spending increased 0.3 percent.